Motor
Motor: The sharks are circling
A number of threats to the UK motor market are currently occuring – driverless cars, motor manufacturers muscling into the sector, the competitiveness of pricing. But can these challenges be turned into opportunities?
Europe C-Suite: Keeping up with innovation
Ageas CEO Bart de Smet looks at imminent innovations which will impact the insurance market.
Video: RSA's Kenny Leitch on driverless cars
Last week government ministers launched the UK’s driverless car trials in the Royal Borough of Greenwich - the location of one of the government backed projects which RSA is the insurance partner for.
Insurers urged to seize 'opportunity' as driverless cars hit UK roads
The emergence of driverless car technology should be viewed as an “opportunity not a threat” by motor insurers, despite prospective further reductions in premiums.
ABI slams government’s lack of young driver reforms
The Association of British Insurers has criticised the government’s lack of action on young driver reforms for “putting young lives at risk and increasing the cost of motor insurance for young drivers unnecessarily”.
Next two quarters will tell if signs of improvement in motor are 'false dawn' says Ageas UK CEO
Ageas UK CEO Andy Watson has predicted this year could see an improvement in the motor market as fuel prices mean drivers take to the road more frequently but says the next two quarters will tell.
Ageas UK CEO Watson says 2014 results show insurer in ‘good shape'
Ageas UK saw a leap in net profit for the year ended 31 December 2014 to £94.7m from £85.2m in 2013.
Motor stabilisation ‘overplayed’ says Berenberg as it downgrades Esure
Equity analyst Berenberg has downgraded Esure from 'buy' to 'hold', citing "near term dynamics" in the motor market as an issue that is expected to impact the firm.
APU warns of corporate insurance policy abuse
Drivers are ‘routinely' abusing corporate insurance policies by incorrectly accepting responsibility for accidents, according to a report by anti-motor fraud specialist, Asset Protection Unit.
Government launches UK driverless car trials
The launch of three UK driverless car trials has been hailed as a step towards safer roads while research from aggregator Uswitch has revealed half of UK consumers would be unwilling to be a passenger in such a vehicle.
Home market failing to price for long-term weather risk
The home market remains significantly more profitable than its motor counterpart but insurers may be failing to price for long-term risk, market analysts fear.
Insurers vow to learn from CMA report blow to combat credit repair inflation
The Competition and Markets Authority’s decision not to address the rising cost of credit hire has led to a “free for all” in credit repair cost inflation, according to insurers, who have vowed to unite to tackle the issue.
Six from Keighley charged over crash-for-cash fraud
Six people from Keighley are to appear in court this week after being charged over an alleged conspiracy to commit insurance fraud over a three-year period.
Principal to open Dublin office after Yorkshire Bank backing
Manchester broker Principal Insurance is to open a Dublin office in spring offering a range of motorcycle insurance products.
RSA holds motor event at the House of Commons
MPs, transport officials, road safety and telematics specialists met in the House of Commons today (3 February) to discuss how government and businesses can work together to ensure emerging technologies benefits drivers.
Voluntary code mooted to tackle automatism loophole
Insurers should consider adopting a voluntary code to ensure injured policyholders are compensated even in situations where negligence cannot be established, according to the firm at the centre of an automatism loophole dispute.
C-Suite - Insurer: False claims still a pain in the neck
Cross-industry taskforce on fraud welcome as frequency of personal injury claims rises once more
ABI index shows average motor premium is down by 4% in 2014
The average price paid by motorists for private comprehensive motor insurance during 2014 fell by 4% compared to 2013, according to figures published by the Association of British Insurers today.
ERS recruits Innovation Group to manage repair and engineering network
Motor Insurer ERS has inked a three year deal with Innovation Group that will see the claims specialist manage its repair and engineering network for cars, light and heavy commercial vehicles.
LV focusing on profitability
LV group CEO Mike Rogers has insisted the firm is focusing on “profitability rather than top line income” after the business recorded a reduction in annual general insurance gross written premium to £1.39bn last year from £1.45bn in 2013.
Age UK offers 'goodwill gesture' to reverend after discrimination dispute
Age UK has denied accusations it discriminated against a Christian minister by threatening to void her motor insurance policy after she put religious slogans on her car.
Car renter trade body recruits Hill Dickinson for counter fraud drive
The British Vehicle Renting and Leasing Association has partnered with Hill Dickinson to tackle fraud in the self-drive hire sector.
Lexham enters car market with telematics offering
Moped and scooter broker Lexham is to expand into the car insurance market as part of a partnership with telematics firm Tracker.